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Eco 561 Market Equilibrium Process Research Paper

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Eco 561 Market Equilibrium Process Research Paper
Market Equilibrium Process
Zachariah Barrientos
ECO/561
Mathewos Kassa
March 16, 2015

This week presents the opportunity to learn the maintenance and process of market equilibrium. This assignment will present the Market Theory and its affects on surplus, shortages, and supply and demand. Real estate in the United States (Manausa, 2014) is a market that has a supply of products in demand. The attached graphs will show the increase in demand with a supply equalizing, the supply equalizing with demand, and the decrease in supply with no change in demand. The decrease in price produces an increase in purchases according to the law of demand. The converse happens when the price rises (McConnell, Brue, FLynn, 2009). Different
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